Former U.S. President Donald Trump has raised speculation by cashing out 1,075 ETH, worth around $2.4 million, from his NFT sales, leading some to believe that he may be funding his 2024 presidential campaign with cryptocurrency. However, this move might attract increased scrutiny due to the regulatory uncertainty surrounding crypto-driven campaign financing. The timing of these transactions, along with the upcoming 2024 election, suggests that Trump might be exploring alternative funding sources and strategically planning his campaign finances with crypto.
XRP Ledger has recently witnessed an unprecedented surge in activity, with a staggering 350% increase in daily transactions within the last 24 hours, totaling a remarkable 4.11 million transactions. This activity level surpasses the previous record set in November 2021, marking it as the highest in the past two years. During this period, there has also been a noteworthy 168% surge in unique sender addresses and a significant increase in the number of payments from one account to another, reaching 3.2 million, which surpasses levels not seen since November 2019. These remarkable statistics have left the crypto community baffled, as XRP Ledger finds itself amidst an on-chain fervor. The surge can be attributed to the introduction of XRP Script, an exciting initiative in the XRP community. XRP Script enables users to embed arbitrary data on the XRP Ledger, essentially creating NFTs or native digital artifacts. The impact of this project has been significant, indicating a growing interest and adoption in the world of NFTs and cryptocurrency.
Trong 24 giờ qua, Whale Alert - một công cụ theo dõi ví tiền điện tử - đã báo cáo về số lượng lớn XRP được chuyển động bởi các ví ẩn danh và Ripple fintech decacorn. Cộng đồng XRP đang đoán xem ai có thể đã thực hiện các giao dịch XRP khổng lồ này và liệu chúng có ảnh hưởng đến giá của đồng tiền này không. Trong khi đó, giá XRP đã tăng nhẹ. Binance cũng đã chuyển đi 440 triệu XRP, gồm một số giao dịch lớn như chuyển đi 300 triệu XRP trị giá 185,083,895 đô la và chuyển đi 139,374,499 XRP trị giá 86,206,784 đô la. #TinTứcCrypto
According to a crypto analyst from the JWK Show channel, XRP's price has the potential to reach as high as $352, as concluded after using an XRP calculator based on a valuation model developed by Susan Athey and Robert Mitchnick. By inputting metrics such as transaction volume, circulating supply, store of value, and transaction processing time, the analyst obtained the price prediction of $352 for XRP. #XRP #CryptoNews
In the final edition of the CoinDesk newsletter, the policy team discusses their insights on what the future holds for crypto regulation in 2024. As we enter the new year, we look forward to exploring the evolving landscape and keeping you informed on the latest developments in the intersection of cryptocurrency and government. Happy holidays, and we'll see you next year!
Ethereum (ETH) is currently priced at $2,278 with a trading volume of $15.34 billion in the last 24 hours. The ETH/USD market appears to be in a state of neutrality, but there is a slight inclination towards bullishness. The relative strength index stands at 55.9, while momentum is at 87.8, indicating cautious optimism among traders. Although oscillators like Stochastic (64.5), commodity channel index (3.7), and moving average convergence divergence (MACD) level (34.4) suggest a neutral stance, the momentum oscillator signals positivity. This suggests an underlying bullish sentiment that might impact future price movements. #Ethereum
The recent report released by DeFi highlights the progress made in cryptocurrency security, with a significant decrease in losses to scams, rug pulls, and hacks in 2023. This achievement can be attributed to the implementation of enhanced security protocols, increased awareness within the community, and a market decline. Despite this positive trend, it's important to acknowledge the substantial losses of $40 billion due to collapses within the industry. However, the recovery rate of funds has also seen a notable improvement, indicating a stronger resilience and risk management within the cryptocurrency space. #DeFi #CryptoNews
Solana tăng 95% trong tháng 12 - Nhưng tại sao AVAX, INJ, NEAR lại tăng cao hơn?
Thú vị là sự tăng trưởng của Avalanche trong tháng đã diễn ra sau khi mở khóa 9.54 triệu AVAX vào cuối tháng 11, cho thấy thị trường đã tiếp thu nguồn cung thêm mà không ảnh hưởng đến định giá của nó.
Điều đó cho thấy có một nhu cầu cơ bản mạnh mẽ đối với AVAX, đặc biệt là trong bối cảnh chi phí gas của Ethereum tăng cao trong tháng 12. Ví dụ, đầu tháng, chi phí gas trung bình của Avalanche là 0.051 đô la mỗi giao dịch so với 4.66 đô la của Ethereum.
Phân tích giá Avalanche
Từ góc nhìn kỹ thuật, tồn tại một sự chênh lệch rõ ràng giữa giá trị tăng của AVAX và sự giảm đà của nó.
Đáng chú ý, giá AVAX đã tạo ra các mức cao mới và chỉ số sức mạnh quan hệ hàng ngày (RSI) của nó đã tạo ra các đỉnh thấp hơn trong suốt tháng 12, chỉ ra một sự chênh lệch giả gấu. Nói cách khác, đợt tăng giá của tiền điện tử có thể đang gần tới đỉnh điểm.
The research arm of BitMEX, a crypto derivatives firm, revealed in a recent blog post that there are over 160 crypto-related exchange-traded products (ETPs) worldwide, managing more than $50 billion in assets. These ETPs offer exposure to various tokens, such as Bitcoin, Ethereum, Solana, Cardano, Ripple, Avalanche, and Arbitrum. Grayscale's Bitcoin Trust (GBTC) holds the top position among these products. The SEC is currently reviewing Grayscale's proposal to convert GBTC into a spot ETF, and other notable providers like ProShares, 21 Shares, Wisdomtree, VanEck, Fidelity, and Bitwise have their ETFs in the pipeline. According to K33 Research, investments in Bitcoin ETPs reached a record high of $7.4 billion in the previous month. As a result, market analysts anticipate that the approval of a spot Bitcoin ETF could attract significant institutional investments into the crypto market.
The Bitfinex analyst warns that Bitcoin may face short-term price correction risks, particularly above the $44,000 mark. This is due to profit realization by medium-term holders and overheated short-term holder profits. However, it is worth noting that there have been 67 consecutive days of bitcoin net realized profitability, the longest streak since October 2020 to February 2021. Based on historical market behavior, the cryptocurrency market could experience pullbacks before reaching $3.2 trillion by the end of 2024. Therefore, it is expected that there may be a pullback or consolidation instead of an immediate upward movement in prices.
According to analyst Ali, Polygon's weekly price is on the verge of breaking out of a symmetrical triangle pattern. This pattern is characterized by converging trendlines forming a triangle shape. If the breakout is confirmed, Polygon could experience a rally to a significant level. It is worth noting that the symmetrical triangle pattern differs from other triangle patterns in technical analysis, such as ascending or descending triangles, due to the incline of both trendlines. Stay tuned for updates on Polygon's price movement. #CryptoNews
Barry Silbert's resignation as chairman of Grayscale Investments has raised the possibility of the company's flagship Bitcoin Trust being converted into a spot Bitcoin Exchange Traded Fund (ETF), according to Ram Ahluwalia, CEO of Lumida Wealth Management. Ahluwalia believes that Silbert's departure gives Grayscale more autonomy and increases the confidence of the SEC in approving their ETF application. Silbert's involvement in ongoing investigations regarding Genesis Global's collapse and failure to disclose the health of Digital Currency Group might have complicated matters. With Silbert gone and Michael Sonneshein instilling confidence, the chances of Grayscale's ETF application approval are now higher.
In response to the concerns raised by the Shiba Inu community, the Shiba Inu Team acknowledges the importance of transparency and accountability. We understand that the lack of official information and unfulfilled promises have caused uncertainty and frustration among our valued supporters. Moving forward, we are committed to addressing these issues by providing regular updates, clarifying our roadmap, and delivering on our commitments. We aim to strengthen community involvement and ensure the success of the Shiba Inu Coin project while diversifying our offerings and expanding our operational scope. Together, we will strive to elevate the global recognition of Shiba Inu Coin and position it within the top five in the market. Thank you for your continued support and trust in our team. #ShibaInuTeam #Transparency
DOGE has experienced a slight decline of 0.21% in the last day. The price is under bears' pressure and struggling to return to the middle of the channel. If it drops below $0.09, there could be further decline towards the support of $0.08380. SHIB has remained unchanged and shows a more positive outlook on the daily time frame. If it returns to the $0.00001136 level, a breakout to the $0.000012 zone is likely. BONK has suffered the most significant loss today, dropping by almost 13%. Traders should focus on the $0.00001742 level, as bears hold more control unless the price goes above it. Currently, DOGE is trading at $0.09215, SHIB at $0.00001072, and BONK at $0.00001571.